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15 July 2022

Balfour Beatty Communities in partnership with the United States Army at Fort Carson, CO, recently celebrated the start of a multi-phased development project planned for its privatised military housing community, Fort Carson Family Homes.

The July 13, 2022 groundbreaking event was held at the Cherokee Village West neighborhood where existing 60-year-old military housing units will be demolished to make way for the planned construction of new homes for active duty service members and families assigned to Fort Carson.

The event included remarks from Col. Nate Springer, Fort Carson Garrison Commander, and Balfour Beatty Communities representatives. Major General Omar Jones, Deputy Commander, US Army Installation Management Command, and Major General David Hodne, Fort Carson Commanding General, were also in attendance.

Rick Taylor, President, Facilities Operations, Renovations and Construction for Balfour Beatty Communities, said: The goal of the Military Housing Privatisation Initiative is to support our service members by providing a quality housing experience.

We are pleased to be working with the Army toward our common goal of bringing new, modern homes to Fort Carson and to continue delivering on our commitment to support active duty families.

The demolition is the first stage of a multi-phased project paving the way for new three- and four-bedroom townhomes that will feature open floor plans, generous storage, updated finishes and flooring, outdoor living spaces and energy efficient systems and appliances. A new playground and covered picnic area is also planned as part of the project.

To make this development project possible, Balfour Beatty Communities continues to work with the Army to secure private financing for Fort Carson and other Army properties in its housing portfolio.

Working with the Department of Defense, as part of the Military Housing Privatisation Initiative (MHPI), Balfour Beatty Communities has delivered more than 14,000 new homes and significantly renovated an additional 15,000 housing units. MHPI was enacted in 1996 to leverage private-sector capital and expertise to address the militarys backlog of deferred maintenance by expanding and upgrading housing, with predictable, stable long-term operating costs and performance. Balfour Beatty Communities will finance, develop, build, renovate and operate these projects for at least 50 years.

ENDS

Media enquiries to:Maureen OmrodBalfour Beatty Communities+1 610-355-8136momrod@bbcgrp.com

All non-media related enquiries should be directed to +44 (0)20 7216 6800 orinfo@balfourbeatty.com

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About Balfour Beatty Communities

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Balfour Beatty Communities and Fort Carson begin demolition for new Military Housing - Balfour Beatty

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